Media stories about CPB (NYSE:CPF) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CPB earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.5444742288204 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several equities research analysts recently weighed in on CPF shares. BidaskClub cut shares of CPB from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of CPB from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $32.50 price target on shares of CPB in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.50.
Shares of CPB (CPF) traded down $0.08 on Friday, reaching $29.47. 58,300 shares of the company traded hands, compared to its average volume of 133,699. CPB has a 12 month low of $27.34 and a 12 month high of $33.55. The company has a market capitalization of $890.28, a PE ratio of 18.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.75 and a quick ratio of 0.75.
CPB (NYSE:CPF) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). CPB had a return on equity of 9.64% and a net margin of 22.45%. The business had revenue of $51.69 million during the quarter, compared to the consensus estimate of $52.43 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. analysts anticipate that CPB will post 1.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, November 29th. CPB’s dividend payout ratio (DPR) is 45.28%.
In other CPB news, insider Blenn Fujimoto sold 3,350 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $30.19, for a total transaction of $101,136.50. Following the transaction, the insider now owns 16,686 shares in the company, valued at $503,750.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.10% of the company’s stock.
CPB Company Profile
Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Company’s segments include Banking Operations, Treasury and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending, consumer lending, trust services, retail brokerage services and its retail branch offices, which provide a range of deposit and loan products, as well as various other banking services.
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